BP receives $4 billion for compensation fund
POSTED: Monday, October 17, 2011 - 3:58pm
UPDATED: Monday, October 17, 2011 - 4:29pm
NBC NEWS — Anadarko Petroleum, a company that had a share in the failed Macondo well, is contributing to the $20 billion compensation fund.
AP had a 25 percent share in the well; they've settled with BP for $4 billion.
The oil giant says that money will go into their $20 billion fund set up to compensate for damages.
The blowout preventer on the Macondo failed last year, killing eleven workers and starting the biggest oil spill in U.S. history.